Union Budget 2022 | Road transport sees 68% hike in allocation
The Hindu
FM sets target of 25,000 km of National Highways for FY 23
The allocation for the Ministry of Road Transport and Highways has seen a 68% increase with ₹1,99,107.71 crore set aside for it in the Union Budget 2023. This is in line with the massive target Finance Minister Nirmala Sitharaman has set for expanding National Highways network by 25,000 km in 2022-2023.
The hike of ₹81,006 crore for the Ministry has been almost entirely earmarked for investments in NHAI, which has seen a 133% increase from ₹57,350 crore in last year’s Budget to ₹1,34,015 crore this year.
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